Business

04

Aug

By The Press Editor

Business

LIC share tumbles 8% as govt to sell up to 6.5% in state-run insurer, check floor price and other details

Mumbai: Shares of Life Insurance Corporation (LIC) tumbled by around 8 per cent on Tuesday, August 4, 2026, as the company announced it will sell up to a 6.5 per cent stake, or 82.22 crore shares, in the state-run insurer through an offer for sale (OFS). The two-day OFS is open for non-retail investors on Tuesday and for retail investors on Wednesday. The floor price for this OFS has been set at Rs 382 per share. If fully subscribed, the sale will add about Rs 31,000 crore to the disinvestment kitty. "Government offers to disinvest 2.5 per cent equity with…

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04

Aug

By The Press Editor

Business

FMCG stock hits upper circuit even as benchmark indices traded mixed, check share price

Mumbai: Shares of diversified fast-moving consumer goods (FMCG) enterprise Elitecon International are in action on Tuesday, August 4, 2026, even as the stock market benchmark indices, Sensex and Nifty, traded on a mixed note in early trade following the introduction of a new auction mechanism for shares with futures and options (F&O) contracts. The counter opened flat at Rs 17.22 on the BSE. However, it gained amid a spurt in volume by more than 3.11 times and hit a 10 per cent upper circuit of Rs 18.94. This is the second consecutive session when the stock has hit the upper…

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04

Aug

By The Press Editor

Business

FSSAI bans Dabur from selling honey, cow ghee, coconut oil with ‘100%’ claims, asks company to submit ATR report

New Delhi: The food regulator, the Food Safety and Standards Authority of India (FSSAI), has banned Dabur India from selling several products, such as honey, cow ghee, and edible oils, with the "100 per cent" claim, saying such labelling is against the law. In a post on X, the regulator said that food products sold on the company's website were found to carry misleading '100 per cent' claims. The regulator asserted that the use of the 100 per cent claims is in contravention of the FSS (Advertising & Claims) Regulations, 2018, as they are ambiguous, unverifiable and likely to mislead…

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03

Aug

By The Press Editor

Business

BSE-listed IT stock gains after MoU with Liberia, its subsidiary recently signed MSA with SpaceX

Mumbai: Shares of BSE-listed IT stock Blue Cloud Softech Solutions gained on Monday, August 3, 2026, as the company announced the signing of a Memorandum of Understanding (MoU) with the Government of the Republic of Liberia and the UK-based Global Council for Investment and Business for Africa (GCIB Africa). As part of the agreement, the company aims to plan, develop, finance, and execute the Liberia National Digital Infrastructure Project (NDIP) under a Public-Private Partnership (PPP) model. The company said that the MoU has an initial tenure of 24 months. Share price today The stock opened in the green at Rs…

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03

Aug

By The Press Editor

Business

MV Electrosystems IPO GMP vs Juniper Green Energy IPO GMP today: Here’s what grey market premiums suggest

Mumbai: MV Electrosystems IPO GMP Today  According to Investorgain, MV Electrosystems' unlisted shares are trading at a grey market premium (GMP) of Rs 115. Considering the upper price band of Rs 425, the company's shares are expected to list at around Rs 540, reflecting a grey market premium of 27.06 per cent. MV Electrosystems IPO GMP Today According to Investorgain, Juniper Green Energy's unlisted shares are trading at a grey market premium (GMP) of Rs 1.75. Considering the upper price band of Rs 225, the company's shares are expected to list at around Rs 226.75, reflecting a grey…

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02

Aug

By The Press Editor

Business

Commercial LPG cylinder prices reduced by Rs 209 in Kolkata and Rs 202 in Delhi: Check revised rates

New Delhi: The prices of 19 kg commercial LPG cylinders have been reduced by Rs 209 in Kolkata and Rs 202 in Delhi today. With this latest revision, a 19 kg commercial cylinder will cost Rs 2,872.50 in Kolkata starting today. However, there is no change in the prices of domestic LPG cylinders. The reduction in commercial LPG cylinder prices is expected to lower operating costs for businesses that depend heavily on it, including restaurants, hotels, roadside eateries and catering services.   New rates of commercial LPG cylinders: Delhi- Rs 2,728 Kolkata – Rs 2,872.50 ​ (Image Source : INDIA TV…

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01

Aug

By The Press Editor

Business

Gross GST collections surge 15.4% to reach Rs 2.11 lakh crore in July 2026

New Delhi: India's Goods and Services Tax (GST) collections continued their upward trend in the month of July, rising 15.4 per cent year-on-year to reach Rs 2.11 lakh crore. according to government data released on  Saturday (August 1). The breakdown of July’s gross GST revenue includes Rs 39,835 crore from Central GST (CGST), Rs 47,881 crore from State GST (SGST), and Rs Rs 1. 23 lakh crore from Integrated GST (IGST).    Other important news on Business: RBI changes fixed deposits rules, to be applicable from October 1  The Reserve Bank of India (RBI) has changed fixed deposits (FDs) rules, the…

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31

Jul

By The Press Editor

Business

Healthcare stock trades near 52-week high as benchmark indices gain; YTD return is 95.99%

Mumbai: Shares of hospital chain Park Medi World Ltd surged over 8 per cent on Friday, July 31, 2026, as the stock market benchmark indices, Sensex and Nifty, traded higher amid foreign fund inflows and a decline in crude oil prices. While the 30-share BSE Sensex gained 49.91 points to 77,970.95. Nifty added 28 points to 24,343.65. However, profit-taking in IT stocks confined the rally. Amid this, the stock opened in the green at Rs 282.95, a gain of Rs 3.85 or 1.37 per cent from the previous close of Rs 279.10 on the BSE. Amid a spurt in volume…

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31

Jul

By The Press Editor

Business

Banks to stay closed for these many days in August 2026, check full list of holidays released by RBI

New Delhi: If you have any important banking work to attend to in August, be sure to check the holiday list before leaving home. According to the Reserve Bank of India's (RBI) holiday calendar, banks will be closed for a total of 14 days in August 2026 across various states. This includes Sundays, second and fourth Saturdays, as well as holidays for several regional and religious festivals. Therefore, it's best to plan your banking ahead of time. Banks will remain closed on these dates In August 2026, banks will be closed on August 2, 4, 8, 9, 13, 15, 16,…

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31

Jul

By The Press Editor

Business

PM-KISAN scheme extended for 5 years, total outlay stands at over Rs 3.15 lakh crore

New Delhi: In good news for millions of farmers across the country, the Union Cabinet on Friday approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme for the next five years till the 2030-31 fiscal year with an outlay of Rs 3,15,614 crore. This scheme will now be in effect from the financial years 2026-27 to 2030-31. Briefing the media, Information & Broadcasting Minister Ashwini Vaishnaw said the Cabinet has proposed a budget of over Rs 3.15 lakh crore for this scheme, ensuring eligible farmers continue to receive financial assistance as before.  Under the PM Kisan Yojana, eligible…

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